Insurance Notice. Lender hereby notifies Borrower of the provisions of Section 2955.5(a) of the California Civil Code, which reads as follows: “No lender shall require a borrower, as a condition of receiving or maintaining a loan secured by real property, to provide hazard insurance coverage against risks to the improvements on that real property in an amount exceeding the replacement value of the improvements on the property.”
Appears in 19 contracts
Samples: Loan Agreement (Invitation Homes Inc.), Loan Agreement, Loan Agreement (Starwood Waypoint Homes)
Insurance Notice. Lender Beneficiary hereby notifies Borrower Grantor of the provisions of Section 2955.5(a) of the California Civil Code, which reads as follows: “No lender shall require a borrower, as a condition of receiving or maintaining a loan secured by real property, to provide hazard insurance coverage against risks to the improvements on that real property in an amount exceeding the replacement value of the improvements on the property.”
Appears in 3 contracts
Samples: Security Agreement and Fixture Filing (TNP Strategic Retail Trust, Inc.), Apn (TNP Strategic Retail Trust, Inc.), Ashford Hospitality Prime, Inc.
